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Letter portraitLegal landscapeQuarterYTD

Talbots Classics National Bank

Lincoln, RI · Cert 35485

FDIC

Q2 2012

$8.5MAssets
n/aLoans
$5.5MDeposits
$2.6MEquity
Deposit mix
0%Interest-bearing $0.0M100%Noninterest $5.5MQ2 2011Q2 2012

NIM

0.10%Q2 ’10-0.04%Q2 ’110.04%Q2 ’12-135%-140%

Non-interest income vs. expense

33.59%Q2 ’1035.94%Q2 ’1148.00%Q2 ’12+53%+77%

Executive Summary

  • Earnings: ROA of -0.19%, down 50 bps year over year; NIM at -0.08%.
  • Funding: loans stand at 0.00% of deposits as of Q2 2012.

Financial Results

Return on Assets (quarter, annualized)

-0.19%-50 bps YoY

Net Interest Margin (quarter, annualized)

-0.08%-5 bps YoY

Efficiency Ratio (quarter, annualized)

97.17%+1,204 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets0.31%-4.48%5.53%-0.05%-0.19%-50 bps
Return on Equity0.88%-13.98%18.58%-0.15%-0.62%-150 bps
Net Interest Margin-0.04%-0.12%-0.13%0.57%-0.08%-5 bps
Efficiency Ratio85.13%117.92%92.24%108.75%97.17%+1,204 bps
Non-Interest Burden-6.31%6.63%-4.46%4.83%-1.48%+483 bps
Growth
Asset Growth (YoY)-20.61%-29.46%-18.93%-24.21%-29.84%-923 bps
Loan Growth (YoY)n/an/an/an/an/an/an/a
Deposit Growth (YoY)0.00%0.00%0.00%0.00%0.00%0 bps
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital152.87%125.61%131.58%130.08%137.08%-1,579 bps
Equity / Assets33.80%29.44%30.10%30.84%30.51%-329 bps
Liquidity & Funding
Loans / Deposits0.00%0.00%0.00%0.00%0.00%0 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a